Category: Articles

– Comparing the classic car and art markets, part two

In the first part of this series, we concluded with the expectation that the gap in value between the most special cars and those produced in larger numbers will increase. This is a process that has already taken place in the art market. We also noted that changes among collectors are expected to take place, another parallel the classic car market shares with the art market.

 

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1935 Duesenberg SSJ Roadster by LaGrande. Auctioned by Gooding & Company in August 2018 for 22 million dollars.

1935 Duesenberg SSJ Roadster by LaGrande. Auctioned by Gooding & Company in August 2018 for 22 million dollars.

– Picasso or Ferrari? Comparing the classic car and art markets

When there is talk about classic cars, they are sometimes compared with art – this usually happens in two ways. Owners or enthusiasts say, for example, that a certain car has a very nice body or other aesthetic quality, and that they consider it as a work of art. Others, such as professionals in financial sectors, also make the comparison. In financial publications, classic cars are often discussed in relation to art in a very different way. Then one looks at the returns on investment, as cars are mentioned in the same breath as fine art, antique furniture, wine, whiskey or watches. Looking at the data alone, one comes to the conclusion that the yields on cars were higher from the year 2000 up to 2015 than on the other asset types. Looking at the returns on invested capital, this is a very different view of the comparison between art and cars.

 

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1963 Aston Martin DP215, auctioned by RM Sotheby's in Augsut 2018 for over $ 21 million, photo RM Sotheby's - Simon Clay

1963 Aston Martin DP215, auctioned by RM Sotheby’s in August 2018 for over $ 21 million, photo RM Sotheby’s – Simon Clay

– Lamborghini Islero, an almost forgotten sports car

The best known classic Lamborghinis are the Miura and Countach. Enthusiasts know that the brand started with the 350 GT, followed by the GT 400, but how many people are familiar with the Lamborghini Islero? It is a sleek sports car, which has long hidden in the shadow of its contemporaries. Is that justified? We turn the spotlight on this little-known Italian thoroughbred.

 

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1969 Lamborghini Islero S. Auctioned by RM Sotheby's at 14 August 2015 for 256,500 pounds. Photo Robin Adams, RM Sotheby's side

 

 

 

 

 

 

1969 Lamborghini Islero S. Auctioned by RM Sotheby’s at 14 August 2015 for 256,500 pounds. Photo Robin Adams, RM Sotheby’s side

– The 75 most expensive cars sold at auction

Many of the truly fabulous cars here need little introduction. Among the 75 cars below, it’s perhaps unsurprising that the list is dominated by Ferrari, however the likes of Bugatti and Mercedes-Benz make strong showings. Porsche, Bentley, Duesenburg, Ford, Shelby, McLaren, Jaguar, Alfa Romeo and Aston Martin also feature on the list, with seven different auction houses taking the cars under the hammer.

 

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01 Photo Artcurial, Christian Martin

 

 

 

 

 

 

Sale price adjusted for inflation £GBP: £25,935,000
Sale price at time of sale £GBP: £24,700,000
Sale price at time of sale $USD: $35,579,000
Artcurial 2-2016